Saturday, November 29, 2014

Slow Saturday Special: Taking a Bite of the Apple Conspiracy

Judge approves $400m Apple e-book settlement

The suit accused Apple of being a “ringmaster” of a conspiracy.

Related:

"Apple Inc., already the world’s largest company by market capitalization, hit a record intraday value: $700 billion.  That still gave the iPhone maker about 1.7 times the value of the world’s second-biggest company, Exxon Mobil." 

Look at that market power, and a $400m fine should be easily absorbed.